Thursday, June 16, 2016
Philadelphia To Tax Soda
The place known as the "city of brotherly love" has apparently lost some of its love for carbonated beverages. Philadelphia has passed a 1.5 cent/ounce tax on sodas, both sugary and artificially sweetened, which will take effect this coming January 1st. This will be in addition to the 8% sales tax that is already in force. Philadelphia will thus become the second American city to tax soda, after Berkeley, California. City officials estimate this new tax will bring in about $90 million.